Recently, Fed Chairman Powell's remarks have become more dovish, suggesting that in the context of economic challenges, a rate cut cannot be ruled out. Market expectations for a September rate cut have surged to 89%, primarily due to the potential impact of factors like tariffs on the economy gradually becoming apparent.

Powell emphasized that interest rate cuts are a policy tool that must be used cautiously, requiring timing and precise implementation to ensure their effectiveness. Currently, the Bitcoin market is showing a converging descending wedge pattern, with signs of rebound, but it has not yet broken through the key resistance level of $118,600. The price is supported below, but whether it can continue to rise still needs to be observed based on the strength of subsequent trends.

It is worth noting that during May and June, investors should not overly focus on interest rate cut speculation, as short-term fluctuations may be influenced by other factors. Currently, the possibility of an interest rate cut in September or October is increasing, mainly due to the gradual impact of tariffs, which may further exacerbate economic pressure.

The key to the future market trend lies in whether the price can firmly break through critical levels. Once a successful breakout occurs, it can not only reduce risk but also open up new upward potential. Regarding investment strategies, consider buying Bitcoin on dips in the range of $115,000 to $115,500, with an initial target price of $117,000. If it breaks through, pay attention to the $120,000 level, but be sure to set stop-loss orders to control risk.

With the changes in the global economic situation and the potential adjustments in Fed policy, the Bitcoin market may face new opportunities and challenges. Investors need to closely monitor market trends and adjust their strategies flexibly to cope with possible drastic fluctuations.